GSEU vs SPY
Comparison between GOLDMAN SACHS ACTIVEBETA(R) EUROPE EQUITY ETF (GSEU, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GSEU, delivering a return of +13.3% compared to +7.9%
GSEU vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GSEU
$114M
Winner
SPY
$735B
Expense Ratio
GSEU
0.25%
Winner
SPY
0.09%
Max Drawdown
Winner
GSEU
39.42%
SPY
56.47%
Sharpe Ratio
GSEU
0.82
Winner
SPY
1.62
5Y Beta
Winner
GSEU
0.67
SPY
1.00
P/E Ratio
GSEU
N/A
SPY
28.99
Forward P/E
GSEU
N/A
SPY
22.37
5Y Dividends CAGR
Winner
GSEU
15.50%
SPY
5.43%
5Y EPS CAGR
GSEU
N/A
SPY
26.05%
Debt to Equity
GSEU
N/A
SPY
32.40%
P/S Ratio
GSEU
N/A
SPY
3.74
P/B Ratio
GSEU
N/A
SPY
5.61
GSEU vs SPY - Holdings Comparison
GSEU and SPY have 1 common holdings. Overlap is 0.00%
GSEU's top 25 holdings weight is 29.47%. SPY's top 25 holdings weight is 52.37%.
| Rank | GSEU | SPY |
|---|---|---|
| #1 | ASML HOLDING NV (n/a) - 3.84% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.91% | APPLE INC (AAPL) - 7.02% |
| #3 | NOVARTIS AG REGISTERED SHARES (n/a) - 1.88% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | HSBC HOLDINGS PLC (n/a) - 1.81% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | n/a (n/a) - 1.70% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | ASTRAZENECA PLC (AZN:XLON) - 1.69% | BROADCOM INC (AVGO) - 3.10% |
| #7 | GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 1.49% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | SHELL PLC (n/a) - 1.33% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | BANCO SANTANDER SA (n/a) - 1.32% | TESLA INC (TSLA) - 1.89% |
| #10 | NESTLE SA (n/a) - 1.25% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | SIEMENS AG (n/a) - 1.23% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | ALLIANZ SE (n/a) - 1.06% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | SAP SE (n/a) - 1.01% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.99% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | TOTALENERGIES SE (TTE) - 0.91% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | BANCO BILBAO VIZCAYA ARGENTARIA SA (n/a) - 0.84% | INTEL CORP (INTC) - 0.90% |
| #17 | NOVO NORDISK AS CLASS B (n/a) - 0.79% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | SCHNEIDER ELECTRIC SE (n/a) - 0.79% | VISA INC CLASS A (V) - 0.85% |
| #19 | KONINKLIJKE AHOLD DELHAIZE NV (n/a) - 0.78% | WALMART INC (WMT) - 0.81% |
| #20 | IBERDROLA SA (n/a) - 0.76% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | SAFRAN SA (n/a) - 0.42% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | n/a (n/a) - 0.42% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | SAGE GROUP (THE) PLC (n/a) - 0.42% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | YARA INTERNATIONAL ASA (n/a) - 0.42% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | POSTE ITALIANE SPA (n/a) - 0.41% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 315 | 505 |
GSEU vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
GSEU
+0.85%
Winner
SPY
+1.90%
3M
GSEU
+3.57%
Winner
SPY
+8.55%
6M
Winner
GSEU
+8.30%
SPY
+8.18%
1Y
GSEU
+15.82%
Winner
SPY
+25.79%
5Y(CAGR)
GSEU
+7.91%
Winner
SPY
+13.32%
10Y(CAGR)
GSEU
+9.03%
Winner
SPY
+15.19%
Max(CAGR)
Winner
GSEU
+9.32%
SPY
+8.47%
GSEU vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GSEU | SPY |
|---|---|---|
| 2026 | +4.21% | +8.26% |
| 2025 | +36.61% | +18.00% |
| 2024 | +3.19% | +25.59% |
| 2023 | +19.66% | +26.72% |
| 2022 | -18.32% | -18.64% |
| 2021 | +15.89% | +30.52% |
| 2020 | +5.86% | +17.28% |
| 2019 | +25.35% | +31.09% |
| 2018 | -14.27% | -5.24% |
| 2017 | +27.21% | +20.78% |
| 2016 | +2.19% | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
GSEU vs SPY Drawdown Comparison
The maximum drawdown for GSEU was -35.71%, occurring on Mar 18, 2020. Recovery took 213 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GSEU drawdown is -2.76%. The current SPY drawdown is -2.90%.
| Rank | GSEU | SPY |
|---|---|---|
| #1 | -35.71% Jan 17, 2020 - Nov 19, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.03% Sep 2, 2021 - Mar 7, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -22.26% Jan 26, 2018 - Dec 27, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -14.12% Mar 7, 2025 - Apr 28, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.51% Jun 8, 2016 - Sep 2, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.90% Feb 25, 2026 - Mar 20, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.90% Sep 26, 2024 - Mar 3, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.25% Sep 7, 2016 - Mar 1, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -7.48% Jun 5, 2024 - Aug 23, 2024 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -5.29% Nov 12, 2025 - Dec 10, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.05% Jul 23, 2025 - Aug 20, 2025 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.64% Jun 15, 2021 - Aug 3, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.56% Mar 27, 2024 - May 8, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.27% Jan 8, 2021 - Feb 12, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -4.27% Apr 20, 2016 - Jun 7, 2016 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GSEU and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
GSEU vs SPY dividend yield comparison.
| Year | GSEU | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 2.72% | 1.07% |
| 2024 | 2.35% | 1.21% |
| 2023 | 3.41% | 1.40% |
| 2022 | 3.34% | 1.65% |
| 2021 | 2.71% | 1.20% |
| 2020 | 1.84% | 1.52% |
| 2019 | 3.69% | 1.75% |
| 2018 | 3.40% | 2.04% |
| 2017 | 2.51% | 1.80% |
| 2016 | 2.74% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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